ESG is in a state of flux. Oil and defence stocks are spiking. Debates rage about whether arming Ukraine is a green-friendly act. Even Elon Musk, the billionaire electric vehicle evangelist, called for ramped up energy output.
The Ukraine crisis “highlights all kinds of inconsistencies that bankrupt a lot of the underlying theses” behind ESG, Tariq Fancy, former sustainable investing CIO of BlackRock, told Financial News.
“I...
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